What This In-Kind Donation Agreement Template Covers
The in-kind donation agreement template provides a comprehensive framework for outlining the terms under which a donor contributes goods or services to a nonprofit organization. This template includes essential clauses such as the Donation Description, Delivery Terms, and Use Restrictions, ensuring that both parties understand their responsibilities and obligations.
When to Use an In-Kind Donation Agreement Template
This in-kind donation agreement template is ideal for various scenarios, such as when a company wishes to donate equipment to a local charity, or when an individual wants to provide professional services, like graphic design, to a nonprofit. It is also useful for businesses that want to formalize the donation of surplus inventory or supplies, ensuring clarity in the donation process.
What's Included in This Donation Agreement Form
- Parties: Clearly identifies the donor and the nonprofit organization involved in the agreement.
- Donation Description: Details the specific goods or services being donated, including quantity and estimated value.
- Delivery Terms: Outlines how and when the donated items or services will be delivered to the nonprofit.
- Use Restrictions: Specifies any limitations on how the donated goods or services can be used by the nonprofit.
- Tax Documentation: Provides information regarding the tax implications of the donation, including any necessary documentation for the donor.
- Acknowledgment Letter: Includes a provision for the nonprofit to provide a written acknowledgment of the donation for the donor's tax records.
Key Provisions in This Goods Donation Agreement
- Donor Warranties: Ensures that the donor guarantees the legality and condition of the donated items.
- Liability: Addresses liability issues, clarifying the responsibilities of both parties in case of damage or loss.
- Signatures: Requires signatures from both the donor and the nonprofit to validate the agreement.
Disclaimer: This template is for informational purposes only and does not constitute legal advice.
Created By
Eralp Kavaklı